Start engine soon!

Come on! Up and running!

brand new week, after a few days sleeping, it should woke up!

No impact to Hovid!

If today closing 0.35 is a bonus!

It tells me it's still sleeping! LOL

end of November

Buying Volume is building up now after T+3 days!

ameen007: yes, definately will have retracement after big uptrend! Now research house calling to take profit but despite heavy sellers, but price still maintain!

TP 0.36, so less! LOL

Sell again! Today Bursa announcement David Ho Sue San sell share!

HOVID - Take Profit For Now.....

INVESTMENT MERIT

- Handsome gain of 38%. Since our initial Trading Buy recommendation on Hovid Bhd (HOVID) at RM0.25 on 8-Nov-2012, the stock has performed very well with 38% appreciation. Note that HOVID share price has outperformed the FBMKLCI’s gain of 10% during the same timeline.

- FY13 earnings grew by 30% but this should have already been priced in. Note that HOVID’s FY13 net profit increased by 30% YoY to RM20.3m which was within our expectation. The earnings growth is due to 18% earnings growth in its pharmaceutical division and the exclusion of Carotech’s losses from FY13 onwards. Overall, we think that the current share price increase of 38% has already priced in the strong earnings growth. Looking ahead into FY14, we think earnings growth could slow down to 23% YoY as due to higher earnings base but it will still deliver a decent set of net profit of RM25m in FY14 due to capacity expansion.

- Take profit for now. HOVID’s valuation of 11.8x FY14E Fwd. PE appears to be slightly stretched at this juncture as compared to FBM Small Cap FY14E Fwd. PE of 9.3x. We value HOVID at RM0.365 by applying 11.1x Fwd. PE. to its FY14E EPS of 3.29 sen. Our 11.1x Fwd. PE is based on 1-year historical PER as the previous data before FY13 incorporate Carotech losses which we think do not reflect current HOVID business structure. Overall, share price upside appears to be minimal.

- But it is still a good long-term investment. Despite our Take Profit recommendation, HOVID long-term prospect remains intact as the Group is actively looking for opportunities in new overseas markets. Its emphasis in research and development (R&D) may also result in higher-margin products in the long run on better pricing power.



SWOT ANALYSIS

- Strength: Continuous input on R&D, rich products portfolio and extensive international network.

- Weaknesses: Potential margin squeeze due to competition.

- Opportunities: Further growth in its extensive international distribution network particularly in healthcare products in developing countries. Introduction of more generic drugs.

- Threats: Slower than expected drugs registration approval.



TECHNICALS

- Resistance: RM0.360 (R1), RM0.390 (R2)

- Support: RM0.340 (S1), RM0.320 (S2)

- Comments: The share price has started to pull back after the recent impressive run, judging from the overbought conditions in key indicators such as RSI and Stochastic. As a result, for short-term trading purpose, we believe this is good time to take some profit off the table.



BUSINESS OVERVIEW

Hovid Berhad (Bursa Code: 7213, HOVID) is engaged in the manufacturing of pharmaceutical and herbal products. The company is a pharmaceutical manufacturer of medicinal preparations and health supplements with more than 300 products distributed over 50 countries globally. Hovid's products include antibiotics, antidiabetics, antihypertensives, antimalarial and anti-inflammatory analgesics ranging from skin care and hair care to health beverages. Its products are manufactured in GMP compliant plants. The group’s popular products include Tocovid SupraBio and Ho Yan Hor Herbal Tea.



BUSINESS SEGMENTS

Hovid’s core business is its Pharmaceutical segment, which is involved in the manufacturing and sale of pharmaceutical products.

Source: Kenanga

Hope it will not be the next sleeping giant like SKPRES

Drink Hor Yan Hor Leong Cha more!

But also bear in mind that director David Ho is selling the shares as well, this gives an impact but I think not serious though

lee9fold: yes, I am still holding it! Confident it will break 0.38 soon!

Also FYI, if u read Bursa Announcement, David just disposed some of his shares on 18th Oct 2013!

good buy! Good luck everyone!

Retracing now!

Tomorrow should have some profit taking before it go up again!

Haha! Carta masih lagi mantap!

Hope it breaks 0.355 today!

Wow! Give dividend 1.3 cents not inclusive of 25% tax!

No difference, in play again after dividend!

yes, another attempt see whether it breaks the 0.395 and if yes, then uptrend shall occur. Remember, SKPRES is going to release its quarterly report end of next month!

Check out there, got announcement!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1436213

abdul rahim, this stock has been stagnant! TP set by TA is too high at the moment! The most is about 0.40++ this year! :)

chewjs, few % is good, if pay dividend more, chances of drop more after dividend is high! But if less, maybe will be different!

price not nessasary will drop after dividend, keep in faith!

let' see in this 2 days b4 mother ex date for dividend

remember, those who bought high, wait for dividend payout! :)

TOmorrow must close above 0.36!

KC Loh: yes, hopefully it can touch 0.39 this year too! :)

abdul_rahim: I hope not only today, everyday make u happy! LOL

abdul rahim, those who follow me buy yesterday will earn a bit today! :)

yes, tomorrow and Monday will be hot!

beli angkat dividend dulu ma! :) ex date 22nd Oct

buy!

ipomember: things will prove u wrong this time! :)

based on chart it will reach 0.10!

Very green it seems!

Yes, the chart is all positive, if possible buy at 0.075!

ohhh....good luck! I think tomorrow can reach 0.36 above!

TESSA, do u still keep this stock?

If he is not here, meaning uptrend is coming soon! :)

SKPRES Is coming already! Be prepared!

Huge buying volume end of 10 minutes, wondering what is going to happen tomorrow!

Itu SKPRES-WA siapa yang makan sangat banyak? Could be sharks!

Afternoon session SKPRES bull! :P

Cuti-cuti Malaysia! Holiday for me! Today SKPRES also tido tido!